Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1887-03-12

army OF i9s Op strong should have withdrAwn
from such mutuality, leaving their hard earned
money behind them a. the price paid for their
experienced Would II not have been more con
s,stent with mutually TO have distributed some
of the % millions surplus among them before
they deserted the 9randArmy of Equitaole scrip
holders.
The assertion Il made that Mr.. Register Of
Philadelphia has during the past ~ years trans
acted tor 1t a business OF over sSooJo oN. coon
EerrrAsLx Insurance. Uithom a single idw suit.
Is 1t u fact, or not, that one James u. McCabe
lived In Philadelphia. and died. possessed of an
INCoSrKsriBL. iNpisrurAnlx policy In the 6quit
able Life Assurance society, No. 9ts.e's for
ol500f Answer The records Of the 4. s. &C.
4. D.. of Pa, April session, lssS bin No 81, dis
close the fact that Mrs. Mary Z. McCabe brought
suit to recover the face Of policy 2tscs, which
this great company refused to pay. The Equit.
able lied its answer July ~. lsS,. Mrs McC.
being needy II compromise WAS effected August
IL, lsS, ON the basis of 80 cents on the dollar and
counsel fees. Who IL to be believed, the court
records or Mr.. Special. They contradict each
other, hence one Is false. We can add Pennsyl-
vania records which disclose that recent ex.
Attorney General compelled this yrtuous cor
poration to disgorge the balance due on policy
which the representatives OF Equitable forced
the widow to COMPROMISED, and not n hundred
miles fcom Lansdale, Montgomery county. Pa.
Fray, where Is the 81 millions OF Insurance held
by this society in Pennsylvania. MIR. Forster.
the Insurance Commissioner. don't seem TO
know OF Its existence or he would say so In hts
report. Before closing, and IT being probable
| that the writer has had a longer association
| With the Equitable Life Assurance Society aud
| knows more about Its mutually ana humanity,
| than this particular SpScil who illustrated his
ignorance In your issue Of ths 1th inst We
| will give a leaf from our personal experience
covering more than ~ years.
| January 81, 1851 the Equitable Lite Assurance
Society OF the United States issued policy Is. .uso
for shooo. ordinary life plan, age i. semi annual
| premium 6tlo. on the life OF Robert Holmes.
/ April 3. ISL. the following letter Was received
/ by the writer:
/ "oftce of Belts n Register, General Agents
/ Equitable Lie Assurance society OF the
/ United states, No IS. Chestnut street, rhila-
"ArRIL S. ISL.
Robert Holmes. Esq. Doyieaorn, Pu.
turned to us within 80 dayA
"Bxrrs I Rxarsruu.
/ General Agents"
Deny It ard re Wiil produce the original
| We did not then surrender, but after the pub.
/ ieation OF the officiAl examination of the So
ciety late in 1875, and ascertaining that the stock
/ was selling on change for etSS on par OF 500
/ with dividend ostensibly limited to seven dol
| lars per annum in coin. we concluded that our
time TO get out had arrived. SO after having
| made IL semi annual pay ments subseq ueut to the
| writing of the above letter, We applied for paid
| upinsurance, and January q. lss7, policy lli,2a
for . 80 without pront) WAS issued on our life
1 "a nDIlCy lc,V~' VI to,'V', ING ies y
reserve "a per cent? on which amounted to tSsd.
| -, ana In Mutual Company, such a, the New
/ England, the Mutual Benefit the Connection
Mutual. or the mditgnsd Mutual life. woulI
/ have secured us q policy ranging from sl,?50 Il
| eLioo. entitled to receive an annual dividend II
/ Cash. so much for the Equity of the Equitable
| Lite Assurance Society of the United states.
The interests of the insuring public demant
/ that this boastful society should feel the lRo!
| hand of the law, compelling the embodiment ii
| the contract of the representations, which
/ places in the mouths of its Agents, that the.
| may better perpetuate the inIQuitous method
| OF Tonttne and semi-Tontine Insurance
This SrEclAL professes to give the sworn state
| ments OF the Society for January lss7. We vii
| d,caH the Insurance Commissioners publics
/ tion of the same.
And in conclusion be It known to this specia
| and all others that Robert Holmes never uttere
/ a word or wrote a line against an individual o
/ corporation that he would try to disavow.
We are simply plain matter-of fact fndivid
/ ual, whose motto Is BE sure you're right, he
| 90 ahead" ROBERT HOLMES.
READING, Pa March 10TH 1851.